security has nothing to do with the deficit. social security is totally funded by the payroll tax levied on employer and employee. if you reduce the outgo of social security, that money would not go into the general fund to reduce the deficit. it would go into the social security trust fund. so social security has nothing to do with balancing a budget or erasing or lowering the deficit. >> social security has nothing to do with the deficit. it's not president obama saying that. it's president reagan, their hero. and he also said this. >> we're going to close the unproductive tax loopholes that allowed the truly wealthy to avoid pay their fair share. in theory, some of those loopholes were understandable but in practice they sometimes made it possible for millionaires to pay nothing while a bus driver was paying 10% of their salary. that's crazy. do you think the millionaire ought to pay more in taxes or less? >> a millionaire should pay less in taxes than a bus driver. that's what this whole debate in washington right now is all